Aditya Birla Sun Life Insurance Plan

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Aditya Birla Sun Life Term Insurance Plans 2023

Aditya Birla Sun Life Term Insurance Plans are specifically formulated to safeguard your family from the eventualities of life. The numerous term plans of Aditya Birla Sun Life have gained a lot of popularity for being one of the best life covers. The primary reason behind the formation of these plans is to help families keep their financial independence intact after the ill-fated demise of the insured individual.

Fundamental Features of Aditya Birla Term Insurance 

Before you buy any Aditya Birla Term Insurance policy, it is necessary to assure that you pay heed to the multiple features of Aditya Birla Term Insurance. Doing so will help you assess the company’s performance and lead to hassle-free claim settlement in the hour of need. Without any ado, let’s dive into those prominent features.

Annual premium: Annual premium of the organization allows the potential seeker to get an in-depth understanding of the insurance company’s growth and performance. The IRDAI yearly report for the financial year 2021-22 states that the annual premium of Aditya Birla Life Term Insurance is Rs. 12140.23 crores.

Solvency ratio: A solvency ratio stipulates whether a company's cash flow is adequate to accomplish its long-term liabilities and therefore it converts into a measure of its financial wellbeing. The IRDAI annual report for the financial year 2021-22 exhibits that the solvency ratio of Aditya Birla Life Term Insurance is 1.88.

Claim settlement ratio: The claim settlement ratio works as an indicator of the insurance provider’s reliability. As per the IRDAI annual report for the financial year 2021-22, the claim settlement ratio of Aditya Birla Life Term Insurance is 98.07%.

Operating networks: Presently, the company sustains more than 30,000 employees and 1000+ branches nationwide. Additionally, this company has 2,00,000+ agents/channel partners, and numerous bank partners.    

Benefits of Aditya Birla Term Insurance

Death benefit options: Policyholders can choose whether a nominee will get a death benefit in the form of a lump sum amount or periodic installments or a combination of a lump-sum amount and monthly income.

Flexibility to choose premium payment: Aditya Birla Term Plans equip the insured individual with the flexibility to make a selection from different premium payments such as Single, Regular, or Limited.

Joint Life Cover: With ABSLI’s term insurance solutions, buyers can now insure their spouse under the same life cover.

Various plan options: Policyholders can customize plans depending on the financial requirements of their loved ones.

Better protection through riders: Get additional protection from riders against accidental death, hospital care, surgical care, critical illness, and more.  

Reasons to Choose Aditya Birla Term Insurance Plans  

Customizable plans: A potential seeker can customize term insurance plans to satisfy his/her peculiar needs. Feel free to choose the amount of coverage, the tenure of the policy, and the premium payment frequency that you find the most suitable.

Premouns at reasonable prices: Aditya Birla's term plans are available at competitive rates. Thus, you can secure your loved ones without causing a dent in your bank account.

Exhaustive coverage: Aditya Birla's term plans are known for offering comprehensive coverage against multiple risks such as death, disability, critical illness, and accidental death. Choose the degree of protection as per your preferences.

Tax benefits: Under sections 80C and 10D of the Income Tax Act, Aditya Birla's term plans proffer tax benefits on paid premiums. And the death benefit that your beneficiary will receive will be tax-free.

Hassle-free claim settlement: Aditya Birla Sun Life Insurance sustains an easy and quick claim settlement process. The nominee will get the benefit easily in case of the policyholder’s unfortunate demise.

Reputation: When it comes to trusted insurance providers, it’s hard not to talk about Aditya Birla Sun Life Insurance.  

Aditya Birla Term Insurance Riders

Accidental death benefit rider: It provides an additional sum assured in the event of the policyholder’s unfortunate demise due to an accident.

Critical illness rider: It provides a lump sum payment if the policyholder is diagnosed with a critical illness.

Waiver of premium rider:  If the policyholder suffers from a disability or critical illness, this rider waives off future premiums.

Hospital care rider:  It provides a daily cash allowance during hospitalization caused by an illness or accident.

Accidental disability rider: If the insured individual suffers from a disability caused by an accident, this rider offers a lump sum payment.

Surgical care rider: This rider offers a lump sum payment for medical treatments that demand surgery.


Aditya Birla Sun Life Term Insurance Plans can become a silver lining for your family during fiscally stressful times. Polichayan helps you select the best term insurance plan so you can keep your loved ones financially sound even when you are not around them.


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Best Term Plans of Aditya Birla Life Term Insurance

Frequently Asked Questions

Visit the payment page of Birla Sun Life and pay the initial or renewal premium of your Birla Sun Life Term Insurance Plan. Provide your application number and policyholder's date of birth and click 'Next' to go further. Confirm your selection and choose the option to make your premium payment.

You need to bring all the necessary documents including a duly-filled surrender form to the nearest branch. If you manage to submit the surrender form before 3:00 PM, the surrender value will be calculated as per the existing market rates; if not, then the next day’s value will be applicable.

The need to get medical tests done depends on various factors such as age, sum assured, and the underwriting of the company. Usually, a medical examination is needed for higher-sum assured or older individuals.

To track the status of your policy, visit the official website of Birla Sun Life, go to the policy tracker page, enter the requested info, and submit.

Login to the e-portal of Birla Sun Life with your username and password, pay the premium amount and print the payment receipt to renew your policy.

As per IRDAI, Aditya Birla Term Insurance allows a 30 days grace period from the due date.

Accidental death benefit rider, critical illness rider, a disability rider, and waiver of premium rider.